PPP Loan information for Rapid-line inc employee stock ownership and savings plan

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAPID-LINE INC EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Borrower Address

1475 Gezon Parkway SW 0.0

Borrower City

Wyoming

Borrower State

MI

Borrower Zip

49509-9388

Loan Status Date

08/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1143380.00

Current Approval Amount

1143380.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wyoming

Project County Name

KENT

Project State

MI

Project Zip

49509-9388

CD

MI-03

Jobs Reported

106

NAICS Code

332322

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

60000.00

Payroll Proceed

914704.00

Mortgage Interest Proceed

0.00

Rent Proceed

64274.00

Refinance EIDL Proceed

0.00

Health Care Proceed

89402.00

Debt Interest Proceed

15000

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1157853.29

Forgiveness Date

07/20/2021